Scotia Capital Inc. Invests $220,000 in Hasbro, Inc. (NASDAQ:HAS)

Scotia Capital Inc. acquired a new position in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,078 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. Duality Advisers LP increased its position in shares of Hasbro by 125.0% in the first quarter. Duality Advisers LP now owns 69,980 shares of the company’s stock worth $5,950,000 after acquiring an additional 38,880 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hasbro by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock worth $141,722,000 after acquiring an additional 109,854 shares in the last quarter. Cleararc Capital Inc. purchased a new position in shares of Hasbro in the first quarter worth approximately $238,000. New York State Common Retirement Fund increased its position in shares of Hasbro by 1.3% in the first quarter. New York State Common Retirement Fund now owns 230,500 shares of the company’s stock worth $19,597,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Iberiabank Corp purchased a new position in shares of Hasbro in the second quarter worth approximately $232,000. 86.40% of the stock is currently owned by institutional investors.

HAS traded down $0.13 on Wednesday, reaching $119.17. 31,868 shares of the company traded hands, compared to its average volume of 707,579. The stock’s 50 day moving average price is $113.79 and its 200-day moving average price is $102.12. Hasbro, Inc. has a 52-week low of $76.84 and a 52-week high of $126.87. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.64 and a quick ratio of 2.11.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.27. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The firm had revenue of $984.54 million for the quarter, compared to the consensus estimate of $958.91 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Hasbro, Inc. will post 4.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, October 31st. Hasbro’s payout ratio is presently 70.65%.

Several research analysts have recently weighed in on HAS shares. Citigroup lifted their target price on shares of Hasbro from $103.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Argus raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Friday, July 26th. Barclays lifted their target price on shares of Hasbro from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, SunTrust Banks set a $118.00 target price on shares of Hasbro and gave the stock a “hold” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $122.77.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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